Arbor Realty Trust (NYSE:ABR) Issues Earnings Results, Beats Expectations By $0.02 EPS

Arbor Realty Trust (NYSE:ABR) posted its earnings results on Friday. The real estate investment trust reported $0.44 EPS for the quarter, topping the consensus estimate of $0.42 by $0.02, Zacks reports. Arbor Realty Trust had a return on equity of 17.04% and a net margin of 26.05%. The business had revenue of $297.19 million during the quarter, compared to the consensus estimate of $300.69 million. During the same quarter last year, the company earned $0.56 EPS.

Arbor Realty Trust Trading Up 1.1 %

Shares of NYSE:ABR traded up $0.14 during trading on Friday, hitting $13.34. 6,945,633 shares of the company’s stock were exchanged, compared to its average volume of 5,521,283. The company has a current ratio of 36.63, a quick ratio of 36.63 and a debt-to-equity ratio of 3.14. The firm has a market cap of $2.51 billion, a P/E ratio of 8.29 and a beta of 2.03. The firm has a 50-day moving average price of $13.85 and a two-hundred day moving average price of $13.39. Arbor Realty Trust has a 1-year low of $11.77 and a 1-year high of $16.95.

Arbor Realty Trust Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Friday, August 16th will be paid a $0.43 dividend. This represents a $1.72 annualized dividend and a dividend yield of 12.89%. The ex-dividend date is Friday, August 16th. Arbor Realty Trust’s dividend payout ratio (DPR) is presently 106.83%.

Wall Street Analyst Weigh In

A number of research firms have commented on ABR. Wedbush restated a “neutral” rating and issued a $13.00 price target on shares of Arbor Realty Trust in a research report on Monday, May 6th. JPMorgan Chase & Co. reduced their target price on Arbor Realty Trust from $12.00 to $11.50 and set an “underweight” rating on the stock in a report on Tuesday, July 16th. JMP Securities decreased their price target on Arbor Realty Trust from $17.00 to $16.00 and set a “market outperform” rating on the stock in a research report on Thursday, June 20th. Finally, Keefe, Bruyette & Woods lifted their price objective on Arbor Realty Trust from $13.25 to $14.00 and gave the company a “market perform” rating in a research report on Wednesday, July 10th. One investment analyst has rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $14.30.

Arbor Realty Trust Company Profile

Arbor Realty Trust, Inc invests in a diversified portfolio of structured finance assets in the multifamily, single-family rental, and commercial real estate markets in the United States. The company operates through Structured Business and Agency Business segments. It primarily invests in bridge and mezzanine loans, including junior participating interests in first mortgages, and preferred and direct equity, as well as real estate-related joint ventures, real estate-related notes, and various mortgage-related securities.